VEN Kijun Bounce

Signal 1: Bullish Sentiment

Signal 2: Bullish Price Action above the clouds

Signal 3: Bullish TK Cross

Signal 4: Neutral Chikou Span is stuck in the clouds but above past price action

We broke the short term trendline right where the Bullish TK Cross happened and had a nice little breakout. This has caused the 50 and the 200 EMA to start moving closer towards a Golden Cross.

After hitting resistance it looks like we are in a little pullback. If we get a Kijun Bounce here we would be looking real bullish. Stoch RSI is ready for the buyers to take over. Very oversold.

If we break down through the trendline and the horizontal support along the Senkou Span B we will probably witness a Bearish TK cross on the way down and continue bearish. A catalyst for this would be if BTC continues to drop.